2017 Economic Calendar
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MBA Mortgage Applications  
Released On 4/19/2017 7:00:00 AM For wk4/14, 2017
PriorActual
Composite Index - W/W Change1.5 %-1.8 %
Purchase Index - W/W Change3.0 %-3.0 %
Refinance Index - W/W Change0.0 %0.2 %

Highlights
Purchase applications for home mortgages fell a seasonally adjusted 3 percent in the April 14 week, while applications for refinancing rose 0.2 percent. Unadjusted, the purchase index also fell 3 percent from the prior week and was down 1 percent from the level in the same period last year. The refinance share of mortgage activity rose 0.8 percentage points from the previous week to 42.4 percent. Mortgage rates registered another moderate decline in the week, with the average interest rate on 30-year fixed-rate conforming mortgages ($424,000 or less) down 6 basis points to 4.22 percent.

Definition
The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. This is a leading indicator for single-family home sales and housing construction.  Why Investors Care
 
 

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